Organizations are consistently optimizing their opportunities to advance their goals, advantages, and relevance in the global market landscape; among the options utilized in the advancement of such strategic intent are the tool of corporate social responsibility (CSR) as a strategy in social-economic engagement. Notwithstanding the universal applicability of CSR and its benefits to organizations, its engagement still raises subtle curiosity as to the ethics of gaining legitimacy from stakeholders. Hence, this chapter seeks to qualitatively (narrative literature review methodology) explore the dynamics of ethics in legitimacy quest through CSR and makes postulation on the prospect of CSR in sustaining business engagement. The study postulates that the prospect of CSR in its ethical navigation to legitimacy is one in which the government will eventually exercise some level of control and regulations; this is because the organizational quest for legitimacy will no longer be linked to the exclusive consolidation of their economic interest, but may intermediate with other mediating agendas that are of interest to the government and national sovereignty. Hence, an evolving conceptualization of CSR engagements, as organizations begins to explore the avalanche of opportunities they can influence as non-primary actors in sectors that are beyond their economic interest.
This paper explored the originality of the management by interest theory as an organizational management theory. The management by interest theory aims to provide strategic insights to understanding the dynamics involved in the operations of interest in executing organizations’ affairs by management. The study engaged a descriptive narrative methodology in exploring the concept of organizational interest, organizational member’s interest, stakeholders’ interest, dominant interest, management role, and postulations of the assumption of the management by interest theory. The study posits that the management by interest theory connotes the default interest that presently defines an organization's protocol of engagement in its present and future activities. In conclusion, the management by interest theory is relevant in explaining and understanding management exploration of interest and the interplay of organizations’ engagement protocol in today’s organizations.
The exploration of knowledge management and its influence on the informal sector has become a topical interest to industries and academia. Nonetheless, the current deficiency in literature to reveal empirical association between knowledge management and the informal sector is a critical gap this study sought to reduce. Hence, this study specifically examines the interrelationship between knowledge management and the informal sector. The study employed a qualitative descriptive method in analyzing relevant related studies and was anchored on the absorptive capacity theory. The study concludes that the analysis of knowledge management revealed its growing significance at a rapid trajectory that transcends the informal sector; the increasing need and demand for strategic activation, engagement, and execution of knowledge management activities have become much pronounced and invaluable to the sustainable posterity of the affairs of the informal sector. The study also made postulation on the prospect of the association between knowledge management and the informal sector
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